SPLK Breakout Watch

Splunk Inc (SPLK)

Here’s a weekly chart look at quick growing¬†Splunk, Inc. (SPLK), a “big data” cruncher that supposedly gives companies an edge through “monitoring and analyzing everything from customer clickstreams and transactions to network activity and call records” among other things.

From a technical perspective, we like that its’ poised to bust out of a six month base, though would like to see more heavy buying from institutions and a stronger market to support. it. On a 1 to 10 scale: This is a 7.

Sales have been growing more than 50% for the last four quarters (on a quarter over quarter comparison.)  These guys have yet to post any earnings growth, though for the quarter ending Jan. 31 they were up by 200%.according to Thomson Reuters data.